We share weekly commentaries with investors on stocks in our strategies that have appreciated or dropped more than 15% in a day during the course of the week. We hope you find this commentary useful.
Nurix Therapeutics (NRIX)
-16%
Shares of Nurix Therapeutics fell 16% on Monday after rising 6.2% the prior week on positive earnings for the first quarter and news of early compelling data from its clinical trials for the drug-enhanced tumor-infiltrating lymphocyte, DeTIL-0255. Nurix is a leading therapeutics company in the emerging targeted protein therapeutics (TPD) space.
Shares of Kaspi rose 17% on Tuesday as Kazakh authorities met with US counterparts to discuss minimizing the impact of Kazakhstan-specific Russia sanctions. Kaspi, the largest digital wallet in Kazakhstan, provides payment and lending products for more than half the Kazakh population.
Shares of Burning Rock Biotech fell 15% on Thursday during a volatile day for biotech and Chinese stocks. Burning Rock is a Chinese next generation sequencing company focused on precision oncology.
Shares of Zymergen dropped 15% on Thursday, continuing their slide since the company’s leadership change and restructuring under Jay Flatley, former CEO of Illumina, last August. Zymergen is a synthetic biology company focused on developing valuable chemical and biological products with industrial-scale fermentation methods.
